SANTA FE — President Joe Biden will today visit New Mexico to tout the 2022 Inflation Reduction Act. The Tax Foundation estimates that the bill will actually worsen inflation and kill about 29,000 full-time equivalent jobs over the long term.
During his visit, President Biden will stop in Valencia County at a wind turbine manufacturer. Senate Republican Leader, Senator Greg Baca (R-Belen), who represents the area, issued the following statement ahead of the President’s visit:
“The Arcosa facility in Valencia County is a bright spot in an otherwise grim economy under President Biden. While I celebrate these new jobs, let's not forget that good wages only go far in a strong economy. Under Bidenomics, working-class families are being gutted by inflation at the pump and the grocery store. I hope this presidential visit is more than just a politically motivated publicity stunt distracting us from the work needed to improve the lives of all New Mexicans.”
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